1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

UK: Pace of fiscal consolidation behind the government’s forecasts – ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 22, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Delhi) – Research Team at ANZ, note that the UK public sector net borrowing (excluding banks) was lower than expected in September, falling to GBP9.4bn (mkt: GBP10.1bn) from a downwardly revised GBP11.6bn in August.

    Key Quotes

    “With the first six months of the fiscal year complete, government borrowing has been GBP7.5bn lower than at the same time last year. The improvement continues to be driven by a lift in government revenues, with income tax receipts rising 4.1% y/y and corporation tax 12.7% y/y higher. Nonetheless, the pace of fiscal consolidation is continuing to track behind the Government’s forecasts.”
    For more information, read our latest forex news.
     

Share This Page